Sunday, January 15, 2017

Build Your Business To Sell

If you are an entrepreneur then you will be wearing many different hats at different times. Especially in the initial stages, it becomes difficult to manage all the different things and you have to be a Salesman, Production guy as well as finance guy at the same time. Since you are small you do not have a large enough team to delegate your work to. In fact, in the initial stages the work load itself might be low to keep a full time person for some work. 

When you build a business, you should look at the big picture. You should build your business in such a way that you have to sell it. It is not important whether you really want to sell it. But, when you build your business with a target to sell it, you will set up processes & systems. These processes & systems become useful to you. When you want to sell your company, then you have to keep a strong show. And for putting that strong show, you will be putting in systems in place. These very systems will take away workload from you. When you keep things in your hand, it is not business, it is employment. But when you set your business free of yourself, you are free. Whether or not you are there, your business runs as usual. 

You would like to ask Serial Entrepreneurs how they build businesses, sell them and rebuild another business. When you build your business to sell, it also becomes very easy to show the bank whenever you want to raise money. 

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